ETFGI Reports That Assets Invested In The ETFs Industry In Europe Reached A New Record Of US$2.61 Trillion At The End Of May

ETFGI, a leading independent research and consultancy firm renowned for its expertise in subscription research, consulting services, events, and ETF TV on global ETF industry trends, reported today that assets in the ETFs industry in Europe reached a new record of US$2.61 trillion at the end of May. During May the ETFs industry in Europe gathered net inflows of US$31.19 billion, bringing year-to-date net inflows to US$149.79 billion – also a new record, according to ETFGI's May 2025 European ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)

• Assets invested in the ETFs industry in Europe reached a record of $2.61 Tn at the end of May, beating the previous record of $2.47 Tn set at the end of April 2025.
• Net inflows of $31.19 Bn gathered in May.
• Year-to-date net inflows reached a record US$149.79 billion — surpassing the previous highs of US$95.18 billion in 2021 and US$82.42 billion in 2024, which now stand as the second and third highest on record, respectively.
• 32nd month of consecutive net inflows.

“The S&P 500 Index rose by 6.29% in May, bringing its year-to-date (YTD) gain to 1.06% in 2025. The Developed Markets ex-U.S. Index increased by 5.12% in May and is up 16.52% YTD. Among developed markets, Austria and the Netherlands led with gains of 11.40% and 9.12%, respectively. The Emerging Markets Index climbed 4.42% in May, with a 6.30% YTD increase. Taiwan and Greece posted the strongest monthly performances among emerging markets, rising 12.57% and 10.99%, respectively,” according to Deborah Fuhr, managing partner, founder, and owner of ETFGI.

Growth in assets in the ETFs industry in Europe as of the end of May

The ETFs industry in Europe had 3,244 products, with 13,679 listings, assets of $2.61 Tn, from 124 providers listed on 29 exchanges in 24 countries at the end of May.

During May, ETFs gathered net inflows of $31.19 Bn. Equity ETFs gathered net inflows of $20.02 Bn over May, bringing YTD net inflows to $108.71 Bn, higher than the $62.39 Bn in net inflows YTD in 2024. Fixed income ETFs had net inflows of $8.50 Bn during May, bringing YTD net inflows to $24.26 Bn, slightly higher than the $22.85 Bn in net inflows YTD in 2024. Commodities ETFs reported net inflows of $173.86 Mn during May, bringing YTD net inflows to $4.16 Bn, higher than the $5.65 Bn in net outflows YTD in 2024. Active ETFs attracted net inflows of $2.41 Bn during the month, gathering YTD net inflows of $10.88 Bn, higher than the $3.78 Bn in net YTD in 2024.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $15.86 Bn in May. iShares Broad Global Govt Bond UCITS ETF (IGBG NA) gathered $1.95 Bn, the largest individual net inflow.

Top 20 ETFs by net new assets May 2025: Europe

The top 10 ETPs by net new assets collectively gathered $1.15 Bn during May. AMUNDI PHYSICAL GOLD ETC (C) - Acc (GOLD FP) gathered $315.75 Mn, the largest individual net inflow.

Top 10 ETPs by net new assets May 2025: Europe

Investors have tended to invest in Equity ETFs during May.